Daily Price Analysis: Bitcoin, Ethereum, Ripple, EOS, Litecoin

The total cryptocurrency market has remained almost flat over the past 24 hours, with only $260 million added to the market cap.

The total trading volume has also increased, from $11.1 billion yesterday to its current volume of $12.3 billion.

U.S-based investment bank Goldman Sachs yesterday revealed that it would be offering crypto custody services to its clients.

This is a good news for the entire cryptocurrency market and comes just a few days following entry of NYSE, Microsoft, and Starbucks.

The market has yet to react to these positive sentiments though, with the overall market cap still around $254 billion.

Bitcoin price analysis

The slight increase in overall trading volume was as a result of an increase in individual cryptocurrency trading volumes.

Bitcoin price was trading at $6,994 24 hours ago but has gone up by more than 2% to trade at $7,101 at press time posting some solid gains.

The daily trading volume meanwhile a little above $4 billion at the moment, which is higher than the $3.7 billion recorded yesterday.

Over the past 7 days, the Bitcoin price has lost roughly 12.5% of its value. It was trading around the $8,100 mark. It has dropped and is currently trading just above $7,000 despite the multitude of good news coming out of the industry.

Ethereum Price analysis

Ethereum price has been flat over the past 24 hours. It was trading at $408.98 24-hours ago but has slightly gone down and currently trades at $405.

The trading volume has also gone up during that timeframe by nearly $30 million. There is nothing going much with Ethereum but sister coin Ethereum has been listed on Robinhood and on Coinbase a few hours from now.

Following Bitcoin’s price movement, Ethereum lost 8.75% of its value over the past 7 days. It was trading at $477.70 a week ago but plummeted towards the end of the last week and currently trades at $405.

Ripple price analysis

The third largest cryptocurrency has a mixed analysis. The price of the coin has dropped by 3.11% over the past 24 hours. It was trading at $0.428 per coin yesterday but currently stands at $0.407.

The trading meanwhile has increased during that timeframe. The trading volume was $194 million 24 hours ago but is up to $254 million at press time.

Former U.S President Bill Clinton will be the keynote speaker at Ripple’s Swell conference. Ripple also partnered with singer Madonna to help raise funds for orphans in Malawi. However, none of that affected the XRP price positively.

It was trading at $0.43 a week ago and recorded gains on Friday to reach $0.44. It has since then been on a decline.

EOS price analysis

EOS price has gone up by 1% over the past 24 hours. The cryptocurrency which was trading at $7.01 is now trading at $7.07, after hitting $7.10 mark briefly earlier today.

The 24-hour trading volume meanwhile has dropped slightly $470 million, compared to $482 million recorded yesterday.

Over the past 7 days, EOS price has lost around 3.6% of its value. It was trading at $7.31 a week ago, reaching a weekly high of $7.35 before plunging below the $7 mark. It recovered a little though and has been trading sideways since then.

Litecoin price analysis

The Litecoin price has slightly gone up to $74.71, compared to $74.58 it was trading yesterday.

The trading volume has however remained flat at $267 million over the past 24 hours. Over the past 7 days, Litecoin has lost 6.5% of its value. It was trading at $79.95 a week ago but has now dropped to its current level of $74.71.